The Liberty Braves Group (NASDAQ:BATRK) Receives $33.67 Consensus Target Price from Analysts

The Liberty Braves Group (NASDAQ:BATRKGet Rating) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.67.

Several equities analysts have recently issued reports on BATRK shares. TheStreet upgraded The Liberty Braves Group from a “d” rating to a “c-” rating in a research report on Friday, May 6th. Rosenblatt Securities started coverage on The Liberty Braves Group in a research report on Monday, April 25th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com upgraded The Liberty Braves Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. Finally, Zacks Investment Research lowered The Liberty Braves Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th.

BATRK traded up $0.34 during trading hours on Friday, hitting $24.97. The company’s stock had a trading volume of 175,193 shares, compared to its average volume of 99,111. The Liberty Braves Group has a fifty-two week low of $23.34 and a fifty-two week high of $31.27. The firm has a market capitalization of $1.02 billion, a PE ratio of 89.18 and a beta of 0.93. The company has a 50-day simple moving average of $25.97 and a 200 day simple moving average of $26.66.

The Liberty Braves Group (NASDAQ:BATRKGet Rating) last posted its earnings results on Friday, February 25th. The financial services provider reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.05. The business had revenue of $102.00 million during the quarter. Equities analysts expect that The Liberty Braves Group will post 0.12 earnings per share for the current year.

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of The Liberty Braves Group stock in a transaction that occurred on Wednesday, April 20th. The stock was purchased at an average price of $28.02 per share, with a total value of $140,100.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $140,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have purchased 12,000 shares of company stock valued at $328,850.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Bank & Trust increased its stake in shares of The Liberty Braves Group by 6.3% in the first quarter. First Bank & Trust now owns 8,011 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 473 shares during the period. Teacher Retirement System of Texas increased its stake in shares of The Liberty Braves Group by 6.3% in the first quarter. Teacher Retirement System of Texas now owns 8,008 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 476 shares during the period. Lazard Asset Management LLC increased its stake in shares of The Liberty Braves Group by 15.0% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 505 shares during the period. Boyar Asset Management Inc. increased its stake in shares of The Liberty Braves Group by 1.4% in the first quarter. Boyar Asset Management Inc. now owns 46,866 shares of the financial services provider’s stock worth $1,308,000 after purchasing an additional 652 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of The Liberty Braves Group by 350.0% in the first quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 700 shares during the period. Institutional investors own 77.24% of the company’s stock.

The Liberty Braves Group Company Profile (Get Rating)

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's stadium, and mixed-use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

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